People Getting More Cautious Holding Treasuries: Diebel
Morgan Stanley says it’s time to sell 10-year Treasuries against both longer- and shorter-dated U.S. debt, just as the notes dropped to their cheapest level in four months. Fed Governor Lael Brainard speaks Monday, the last scheduled appearance before U.S. central bankers go into their traditional pre-meeting quiet period ahead of a gathering. Boston Fed President Eric Rosengren said Friday that waiting too long to raise rates threatens to overheat the economy, while arguing that labor markets have continued to tighten. Morgan Stanley’s Hornbach is less sanguine. Aviva Investors Head of Macro Strategy Charles Diebel discusses with Bloomberg's Manus Cranny and Nejra Cehic on "Countdown."